Miami “Vice” with Vincent Daniel & Porter Collins. Plus a Conversation with FactSet CEO Phil Snow

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 3 May 2024

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

Danny Moses is joined by his “Big Short” colleagues Vincent Daniel and Porter Collins for a special “What Are We Doing” drop. They hit the Fed meeting/Powell speech (3:00), central banks’ impact on the markets (6:45), an “uneven” economy (9:00), names they are long (11:45), energy stocks (16:15), Tesla (17:15), Carvana (21:00), vice stocks (24:00), why Vinny likes Philip Morris (27:00), huge news in the Cannabis industry (28:30), and Danny’s Kentucky Derby picks (29:30). Later, Dan Nathan and Guy Adami sit down with FactSet CEO Phil Snow at the company’s Focus event in Miami to discuss key themes from the conference, AI, and innovations in financial technology. Subscribe to our newsletter: https://riskreversalmedia.beehiiv.com/subscribe — About the Show: On The Tape is a weekly podcast with CNBC Fast Money’s Guy Adami, Dan Nathan and Danny Moses. They’re offering takes on the biggest market-moving headlines of the week, trade ideas, in-depth analysis, tips and advice. Each episode, they are joined by prominent Wall Street participants to help viewers make smarter investment decisions. Bear market, bull market, recession, inflation or deflation… we’re here to help guide your portfolio into the green. Risk Reversal brings you years of experience from former Wall Street insiders trading stocks to experts in the commodity market. — Check out our show notes here See what adding futures can do for you at cmegroup.com/onthetape. — Shoot us an email at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod on Twitter or @riskreversalmedia on Threads — We’re on social: Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow Liz Young @LizYoungStrat on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page The financial opinions expressed in Risk Reversal content are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on Risk Reversal. Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in Risk Reversal carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money that you can afford to lose. Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service.

Transcript

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0:00.0	Welcome to the On the Tape podcast. I'm Danny Moses, along with Vincent Daniel Porter-Collins for a special,
0:07.5	What Are We Doing this week? Dan and Guy are basically Tubbs and Crockett this week. They've been down in Miami at the FACSET Focus User Conference this week.
0:16.5	And I've been busy, I've been doing a lot of shows, a lot of different things. And they sat down with the CEO of facts at Phil Snow, which will be on the backside of this podcast. So definitely take a listen to that. And then also, they're hard workers. They're getting back tomorrow and they're going to do a live market call at 1 o'clock and talk about the jobs report, right, which would be important. And Apple's earnings, two of the things are going to talk about tomorrow, so they'll be back. But I got my own tubs and crock it with me here. We're also private detectives in the market.
0:40.9	So welcome, boys, to On the tape. Thank you. And you know at one point, Guy Rocked the Miami Vice
0:46.3	100%. He probably still does at this point in time. I bet Halloween, at one point, Halloween, he dressed up. That's my call. You want to take even money? I have no knowledge of that,
0:54.4	but there's a chance that he dressed up. So I have to take the under on that? Yeah, you could say no.
0:58.0	I'll say no, but I believe that you're right. You'll probably give me odds on that. I don't think
1:01.2	Porter could have pulled that off, Tubbs or Crockett. Do you think so? through it. Obviously, top of mind was the Fed meeting yesterday,
1:11.8	preceded by Yellen's treasury thing that they did with the QRA going on and, you know,
1:17.0	talking to the market. We got Bank of Japan intervening nonstop, it appears. So let's kick it off
1:22.3	with kind of the, how you guys were set up and did you do anything differently post Fed
1:27.0	Powell news and his conference
1:28.4	and so forth. There was obviously a lot of anticipation up until the QRA, which is the quarterly
1:33.8	refunding amounts, the announcement, the Fed numbers. There's a lot of PMIs came out. And so we
1:41.6	were so confused, we didn't do anything. And in our old age, we've done
1:45.9	something smarter. And one of them is always bet that Powell will be dove it. And so on that,
1:51.5	we actually won. So we're feeling good here that markets sort of taken this as a sign of relief,
1:58.1	the bond market's taken as a sign of relief. You know, I don't really think they
2:01.8	said much. They punted. They kicked the can. Well, they did do something with QT as expected, but I know
2:07.1	we're going to talk about that too. But for him to take the can, that's a, that's a Michael Colin,
2:11.8	kick the can. Calling him duffish by saying that he's not going to be raising rates as his next move more than likely.
2:18.5	That's what people took away as duffish. I don't think there was a lot of expectations that the
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